Netflix, Inc. (NASDAQ:NFLX) Stock Position Boosted by Roberts Capital Advisors LLC

Key Points

• Roberts Capital Advisors LLC increased its stake in Netflix by 90.6%, owning a total of 2,636 shares valued at approximately $2.46 million.
• Netflix's recent quarterly earnings report showed an EPS of $7.19 and a revenue of $11.08 billion, exceeding analyst expectations.
• Insider sales were observed, with Director Reed Hastings selling 26,933 shares for about $32.6 million, reflecting a significant decrease in his holdings.

Roberts Capital Advisors LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 90.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,636 shares of the Internet television network's stock after purchasing an additional 1,253 shares during the period. Netflix makes up 2.2% of Roberts Capital Advisors LLC's holdings, making the stock its 10th biggest holding. Roberts Capital Advisors LLC's holdings in Netflix were worth $2,458,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after purchasing an additional 356,617 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.7%

Shares of NASDAQ:NFLX opened at $1,238.95 on Friday. The stock has a market cap of $526.47 billion, a P/E ratio of 52.79, a P/E/G ratio of 2.07 and a beta of 1.59. The firm has a fifty day moving average price of $1,231.23 and a 200 day moving average price of $1,102.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.88 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NFLX. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Tuesday. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity

In other Netflix news, Director Reed Hastings sold 26,933 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $477,394.04. This represents a 98.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock worth $179,443,809 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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